Second Retention Bonus Sample Clauses

Second Retention Bonus. In addition, if you are an active employee (including on a statutory or approved leave of absence) of the Intel group on July 31, 2013 (the “Second Retention Date”), you will receive a second retention bonus in the amount of $195,000 (the “Second Retention Bonus”). If your employment is terminated without “cause” after the First Retention Date and prior to the Second Retention Date, you will be entitled to receive a pro-rated amount of your Second Retention Bonus. The pro-rated amount will be determined by multiplying your Second Retention Bonus amount by a fraction with the numerator equal to the number of days that have elapsed since the First Retention Date and the denominator equal to 365. If your employment is terminated for “cause” or you voluntarily terminate your employment prior to the Second Retention Date, you will not receive any portion of the Second Retention Bonus, even if you are rehired.
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Second Retention Bonus. Subject to the Executive’s compliance with Section 5.3 below, and provided that the Executive’s employment hereunder has not terminated on or before the second (2nd) anniversary of the Effective Date (the “Second Retention Date”), the Executive shall receive a cash payment (the “Second Retention Bonus”) equal to one hundred twelve thousand five hundred US dollars (US$112,500).
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Second Retention Bonus. Employee is eligible to earn 50% of the Total Retention Bonus (“Second Retention Bonus”) if Employee satisfies all other criteria in this Agreement and remains employed in Good Standing through December 31, 2025 (“Second Retention Period”).
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Second Retention Bonus. Subject to the Executive’s compliance with the terms of this Agreement and provided that the Executive’s employment hereunder has not been terminated by the Corporation for Cause prior to the earlier of December 1, 2021 and a Change of Control (“Second Retention Date”) and that the Executive has neither resigned nor retired prior to the Second Retention Date, the Executive shall receive a lump sum retention bonus in the amount of US$21,400 (“Second Retention Bonus”) within thirty days following the Second Retention Date.
Sample 1
Second Retention Bonus. Provided the Executive remains employed with the Company through the Transaction Date (as defined below), the Executive will receive a Second Retention Bonus of $550,000, representing 100% of the Retention Bonus Amount, as follows: if the Transaction Date occurs on or before December 31, 2013, the Second Retention Bonus shall be paid to the Executive no later than March 31, 2014; and if the Transaction Date occurs after December 31, 2013, the Second Retention Bonus shall be paid to the Executive on the earlier of (i) 60 days after the Transaction Date and (ii) June 30, 2014. For purposes of this Agreement, the “Transaction Date” shall mean the date upon which the transaction (the “Transaction”) contemplated by the Purchase Agreement, dated September 16, 2013, by and among the Company, certain subsidiaries of the Company, certain subsidiaries of Xxxxxxx, Dubilier & Rice, Bullseye Investors, Inc., and CD&R Bullseye Holdings, L.P., as may be amended, is consummated.
Sample 1
Second Retention Bonus. If you remain an employee of Scout in good standing through the Closing, you will be paid $249,000, less applicable taxes and withholdings (the “Second Retention Bonus”), in a lump sum on the first regular payroll date after the 90th day anniversary of the Closing (the “90th Day Anniversary”), provided (i) you are employed with the Buyer, the Company or Scout, on the 90th Day Anniversary, or (ii) if you are not employed with the Buyer, the Company or Scout following the Closing, you responded to reasonable requests for cooperation in the transition of operations and your responsibilities through the 90th Day Anniversary.
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Related to Second Retention Bonus

  • Retention Bonus You will be eligible for a lump sum cash payment on the first anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “First Year Retention Bonus”). You will be eligible for a lump sum cash payment on the second anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “Second Year Retention Bonus”). Except as set forth below, you will not be eligible for the retention bonuses as set forth above if your employment terminates prior to such applicable anniversary. In the event of your Voluntary Termination for Good Reason (as defined below), the termination of your employment by the Company other than for Justifiable Cause, or in the event of your death or “permanent disability” as defined in the Company’s long-term disability policy (i) during the first twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the First Year Retention Bonus, counting full months of employment with the Company from the Acquisition Date through such termination, and (ii) during the second twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the Second Year Retention Bonus, counting full months of employment with the Company from the first anniversary of the Acquisition Date through such termination. Any prorated payment pursuant to the preceding sentence shall be made within 10 business days of such termination. If the annual bonus payment for the Company’s fiscal year ending December 31, 2008 has not been paid to you or otherwise determined by the Company as of the date the prorated payment is due, the prorated payment shall be calculated using your target bonus amount for 2008. Payments under this Section 8 shall be net of any applicable withholding taxes. For purposes of this Section 8, “Voluntary Termination for Good Reason” shall have the same meaning as given to such term under the Key Employee Change in Control Severance Plan as in effect immediately prior to the Acquisition Date, but with respect to the First Year Retention Bonus only, determined without regard to clause (ii) thereof.”

  • Retention Bonuses Provided Executive becomes and remains an active employee of Mercantile, Mercantile will pay Executive retention bonuses in accordance with the following schedule:

  • Severance Payment Executive will be paid continuing payments of severance pay at a rate equal to Executive’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.

  • Severance Payments 6.1 If the Executive's employment is terminated following a Change in Control and during the Term, other than (A) by the Company for Cause, (B) by reason of death or Disability, or (C) by the Executive without Good Reason, then the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 6.1 ("Severance Payments") and Section 6.2, in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof; provided, however, that the Executive shall not be entitled to the Severance Payments unless and until the Executive (or, in the event of the Executive's death, the executor, personal representative or administrator of the Executive's estate) has signed a written waiver and release substantially in the form set forth on Exhibit A hereto. For purposes of this Agreement, the Executive's employment shall be deemed to have been terminated following a Change in Control by the Company without Cause or by the Executive with Good Reason, if (i) during the Term the Executive's employment is terminated by the Company without Cause following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and such termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, (ii) during the Term the Executive terminates his employment for Good Reason following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and the circumstance or event which constitutes Good Reason occurs at the request or direction of such Person or (iii) during the Term the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason and such termination or the circumstance or event which constitutes Good Reason is otherwise in connection with or in anticipation of a Change in Control (whether or not a Change in Control ever occurs). An Executive will not be considered to have been terminated by reason of the divestiture of a facility, sale or other disposition of a business or business unit, or the outsourcing of a business activity with which the Executive is affiliated, notwithstanding the fact that such divestiture, sale or outsourcing takes place within two years following a Change in Control, if the Executive is offered comparable employment by the successor company and such successor company agrees to assume the Company's obligations to the Executive under this Agreement.

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Retention Payment 6.4.1 There are two situations in which an employee may be eligible to receive a retention payment. These are total facility closures and relocation of work units.

  • Signing Bonus The Executive will receive a one-time signing bonus in the gross amount of One Hundred and Fifty Thousand Dollars ($150,000.00). Payment of the signing bonus will be made to the Executive with thirty (30) days of the Effective Date and will be subject to Federal, State and local tax withholding. If this Agreement is terminated by the Company for Cause, or by the Executive Without Good Reason within ninety (90) days of the Effective Date, the Executive shall repay the signing bonus to the Company.

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